House Bill 1834

(As Passed the House)

AN ACT TO AUTHORIZE THE GOVERNING AUTHORITIES OF THE CITY OF
STARKVILLE, MISSISSIPPI, TO ISSUE AND SELL GENERAL OBLIGATION BONDS OF THE CITY
FOR THE PURPOSE OF CONSTRUCTING MUNICIPAL BUILDINGS, PURCHASING BUILDINGS,
PURCHASING LAND FOR THE CONSTRUCTION OF BUILDINGS AND REPAIR, IMPROVE AND EQUIP
SUCH BUILDINGS, IN AN AMOUNT NOT TO EXCEED $5,000,000.00; TO PROVIDE THAT SUCH
BONDS SHALL MATURE ABSOLUTELY AT SUCH TIME OR TIMES NOT TO EXCEED 30 YEARS; AND
FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE
STATE OF MISSISSIPPI:

SECTION 1. The governing authorities of the City of Starkville, Mississippi,
are authorized to issue and sell general obligation bonds of the city for the
purpose of constructing municipal buildings, purchasing buildings, purchasing
land for the construction of buildings and repair, improve and equip such
buildings, in an amount not to exceed Five Million Dollars
($5,000,000.00). Such bonds shall
mature absolutely at such time or times not to exceed thirty (30) years.

SECTION 2. Except as otherwise provided in this act, all bonds issued as
provided in this act shall be issued and the proceeds managed in accordance
with the terms and provisions as contained in Section 21-33-301, Mississippi
Code of 1972.

SECTION 3. This act, without reference to any other statute not referred to
in this act, shall be deemed to be full and complete authority for the
borrowing of money and the issuing of bonds as authorized by the governing
authorities and shall be construed as an additional and alternate method
therefor.

SECTION 4. Any bonds issued under the provisions of this act shall be
validated in the manner provided by law.

SECTION 5. The governing authorities are authorized and empowered to adopt
any and all lawful resolutions, orders or ordinances and do and perform any and
all acts and things necessary and requisite to carry out the purposes of this
act.

SECTION
6. This act shall take effect and
be in force from and after its passage.